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Well, currencies have changed a lot over the years. The first major improvement I can think of was the Long Cross Penny, in 1247, Henry III of England replaced the short-cross penny (a silver coin with a cross on the reverse but it didn't extend to the rim) with the long-cross penny which the cross extended to the rim and gave a clear indication of where the rim was supposed to be. The short-cross penny didn't give this and people could clip off slivers of the silver and defraud people of money. This also allowed people to divide the coin into 4ths to make change (people would physically cut the coin to create half or quarter pennies). The next main innovation was the advent of milled or machine-made coinage. This helped keep designs more constant and weights more accurate. A corresponding innovation was reeding, this helped give a clear indication where the edge was (for example, the US Quarter, Dime and Half-Dollars all have reeded edges) and prevented clipping and shaving of the precious metals.

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14y ago

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